Regulator offers to incentivise LNG terminals to boost ‘security of supply’
The Commission for the Regulation of Utilities has said it would allow a cut in the charges for any LNG facilities adding gas onto the national network
The country’s energy regulator has announced that it is willing to give a price discount to any new liquefied natural gas (LNG) terminal to boost “security of supply.”
There has been an ongoing controversy about plans to build a €650 million LNG terminal on a 600-acre site near Tarbert, Co Kerry, in the Shannon estuary. The project is currently before An Bord Pleanála.
New Fortress Energy, the US infrastructure giant behind the proposal, has argued that it could boost the security of the country’s gas supply. But Eamon Ryan, the Minister for the Environment, is opposed to the project as he believes it could lock the state into the use of fossil fuels for decades to come. As reported by the Business Post, he has told An Bord Pleanála that it should not be permitted “under any circumstances”.